Jump Financial LLC Purchases 1,683,053 Shares of Peloton Interactive, Inc. $PTON

Key Points

• Jump Financial LLC significantly increased its holdings in Peloton Interactive, acquiring an additional 1,683,053 shares, raising its stake by 236.5% to approximately 2.39 million shares.
• Peloton's latest quarterly earnings report showed a profit of $0.05 per share, surpassing analyst expectations of a loss, but revenue declined by 5.8% year-over-year.
• Several major financial institutions have recently modified their positions in Peloton, with institutional investors now holding 77.01% of the company's stock.

Jump Financial LLC boosted its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 236.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,394,660 shares of the company's stock after purchasing an additional 1,683,053 shares during the period. Jump Financial LLC owned approximately 0.61% of Peloton Interactive worth $15,134,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Peloton Interactive by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 37,246,652 shares of the company's stock valued at $235,399,000 after acquiring an additional 2,186,862 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in Peloton Interactive by 29.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 21,760,678 shares of the company's stock worth $137,528,000 after buying an additional 4,940,422 shares during the period. DME Capital Management LP increased its stake in Peloton Interactive by 10.4% during the 4th quarter. DME Capital Management LP now owns 10,522,687 shares of the company's stock worth $91,547,000 after buying an additional 992,797 shares during the period. Two Sigma Advisers LP increased its stake in Peloton Interactive by 1.5% during the 4th quarter. Two Sigma Advisers LP now owns 7,551,800 shares of the company's stock worth $65,701,000 after buying an additional 110,900 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Peloton Interactive by 37.9% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,831,180 shares of the company's stock worth $36,853,000 after buying an additional 1,603,326 shares during the period. Hedge funds and other institutional investors own 77.01% of the company's stock.

Insiders Place Their Bets

In other news, insider Jennifer Cunningham Cotter sold 134,476 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $7.61, for a total transaction of $1,023,362.36. Following the sale, the insider owned 100,269 shares in the company, valued at $763,047.09. The trade was a 57.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Saqib Baig sold 21,736 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $7.62, for a total transaction of $165,628.32. Following the sale, the chief accounting officer owned 155,284 shares in the company, valued at $1,183,264.08. This represents a 12.28% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 988,357 shares of company stock worth $7,877,396. Company insiders own 1.34% of the company's stock.

Analysts Set New Price Targets

PTON has been the topic of several analyst reports. Macquarie lifted their price target on shares of Peloton Interactive from $10.00 to $11.00 and gave the stock an "outperform" rating in a research note on Thursday, August 14th. Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a report on Thursday, August 7th. Morgan Stanley raised their price objective on shares of Peloton Interactive from $4.00 to $5.75 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Telsey Advisory Group reissued a "market perform" rating and set a $8.00 price objective on shares of Peloton Interactive in a report on Thursday, August 7th. Finally, Truist Financial set a $11.00 price target on shares of Peloton Interactive in a report on Thursday, August 7th. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $9.29.

Peloton Interactive Stock Performance

Shares of NASDAQ:PTON traded down $0.01 during trading on Friday, reaching $7.58. The company had a trading volume of 13,399,747 shares, compared to its average volume of 14,099,916. The firm's fifty day moving average is $7.02 and its 200 day moving average is $6.90. The firm has a market capitalization of $3.09 billion, a PE ratio of -24.43 and a beta of 2.08. Peloton Interactive, Inc. has a twelve month low of $4.19 and a twelve month high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.12. The company had revenue of $606.90 million during the quarter, compared to analyst estimates of $580.29 million. The company's revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.08) earnings per share. Peloton Interactive has set its FY 2025 guidance at EPS. Equities analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Peloton Interactive Company Profile

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.